Oakland Council Backs a Tax on Marijuana

This is an example of how Medical Marijuana, Inc. can be a solutions provider in this industry.

OAKLAND, Calif. -- Leaders of this economically hard-hit city are proposing to tax medical marijuana as a way to help close a record budget shortfall.

Oakland's City Council last week approved a 1.8% tax on medicinal marijuana sold in the city. If voters pass the proposal in a July election, Oakland would become the nation's first city to directly tax the drug, medical-marijuana advocates say.